Uruguay: Removal of cash reserves requirements

30.04.2015

Effective

1 May 2015

the Central Bank of Uruguay will remove the requirement for mandatory cash reserves for non-resident investors that were previously required for treasury bills denominated in Uruguayan Pesos (UYU) or Uruguayan Index Units.

Impact on customers

Clearstream Banking1 may accept new securities, provided they meet our eligibility criteria, or additional balances that are no longer subject to cash reserves.